Registered charity number 1124357
Darul Uloom Kantharia Trust
Financial Statements for the year ended 31 March 2024
Darul Uloom Kantharia Trust Contents
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees report | 2 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 |
Darul Uloom Kantharia Trust Reference and Administrative Information for the period ended 31 March 2024
Registered office
27 Moss Street Blackburn Lancashire BB1 5HW
Registered charity number 1124357
Trustees
Talha S Ahmed Mohmed Hanif Sufi Abdus Samad Ismail Ahmed Abdullah Haji Vallibhai Patel
Appointed independent examiner
M A Ibrahim (FCCA)
Accountants
M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
Bankers
Barclays Bank Plc 8-14 Darwen St Blackburn Lancashire BB2 2BZ
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Darul Uloom Kantharia Trust Trustees’ annual report for the period ended 31 March 2024
Registered charity number 1124357
The Annual Report is fully SORP compliant and sets out how the trustees have met their obligations.
The Financial Statement is fully SORP compliant and includes the incoming resources and resources expended.
Objectives and activities
The objects of the charity are set out in the constitution are summarised as follows:
To promote the physical and mental health of children and orphans in India particularly, Darul Uloom Kantharia, Mahmood Nagar, PO Kantharia, Dist. Bharuch, Gujarat, India 392162 through the provision of financial assistance, support, education, accommodation, food and medical treatment.
To promote, further or support any similar charitable purpose or purposes or to make donations to such charitable institutions at such time or times and in such a manner as the trustees may in their absolute discretion think fit.
The relief of financial need and suffering among victims of natural or other kinds of disaster in the form of money (or other means deemed suitable) for persons, bodies, organisations and/or countries affected (including the provision of medical aid).
In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Activities and achievements
The Charity carries out a wide range of activities in pursuance of its charitable aims:
This has been a busy period for our projects in India and we are delighted to provide an update on our work.
Our activities are as follows:
Rural villages school project
The trust sponsored and funded schools for small children in 55 impoverished rural villages in Gujarat. This was managed by the expertise of our local contacts namely Darul Uloom Kantharia. We also assisted in welfare related projects in these villages.Many of these villages are impoverished and deprived areas and we also focus on welfare and relief work there.
Student stipend
Our trust sponsored stipends for 200 students from poor family backgrounds to study at Darul Uloom Kantharia.
Medical/Hospital Unit
Like previous years the trust financed costs towards the running of the the medical facility of Darul Uloom Kantharia, India where all students, staff and their families were provided with medical treatment and medicine etc and also the trust paid for off-site medical treatment for poor students.
Electricity and Gas utilities
The Trust contributed to the electricity and gas utility costs of Darul Uloom Kantharia in Gujrat India.
Catering and Food
The Trust assisted in buying wholesale food items such as rice,flour,wheat,pulses,sugar and cooking oil for cooking purposes for the students of Darul Uloom Kantharia.
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Darul Uloom Kantharia Trust Trustees’ annual report for the period ended 31 March 2024
Jamiatus-Swalihat Girls Education Scholarship
In line with our charity’s stated aims and objectives, we were delighted during this reporting period to have provided like the last reporting period 40 scholarships for female students studying at Jamiatus-Swalihat. Manubar Gujrat India, which is a large All Girls Educational Establishment which also has onsite boarding. We are very excited and proud about this development and partnership as it allows us to expand our work to promote education within young girls also and also to empower women. We continue to build on our work at this organization and look forward to reporting progress on this during future reporting periods.
Visits
During this reporting period two of our Trustees Mufti Abdul Samad Ahmed and Talha Ahmed visited Darul Uloom Kantharia and Jamiatus Swalihat in India to assess and see the projects first hand and ensure they are running smoothly. The trustees are happy with the outcome of their visit and the controls in place at both institutions. Regular contact is maintained to assess the progress of the projects undertaken.
Structure, governance and management
Darul Uloom Kantharia Trust is registered as a Charity with The Charity Commission under charity no: 1124357.
It is governed by its trust deed dated 25th April 2008.
Recruitment and appointment of trustees
Trustee Selection is by a vote by the existing Board of Trustees.
Reference and administrative information
See preceding page under 'Charity Information'.
Names of the charity trustees who manage the charity
All trustees are named on the preceding page under 'Charity Information'.
Risk management, financial review and reserves policy
The trustees actively review the major risk, which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The Trustees have also examined the operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
A substantial increase in donations by individuals was achieved towards the end of the year and in particular the Ramadhan period. Office overheads were generally unchanged this year. Funds available are sufficient to permit the Trust to continue in operation in the medium to long term, together with the continued support from the donors.
It is the policy of the charity to maintain unrestricted funds at a level, which equate to approximately 12 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.
There are no uncertainties about the charity continuing as a going concern.
The Trustees would like to thank all those who assisted us with their moral and financial support and trust they continue to do so.
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Darul Uloom Kantharia Trust Trustees’ annual report for the period ended 31 March 2024
Statement of Trustee’s responsibilities
The Trustees are responsible for preparing the Trustees’ Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period in preparing these financial statements, the trustees are required to:-
h Select suitable accounting policies to be applied consistently
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h Observe the methods and principles in the Charities SORP
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h Make judgements and estimates that are reasonable and prudent
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h State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and,
h Prepare the financial statements on the going concern bases unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Approved by the Trustees and signed on its behalf by:
Talha S Ahmed Date: 15/10/2024 Trustee
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Darul Uloom Kantharia Trust
Independent Examiner's Report to the Trustees of Darul Uloom Kantharia Trust
I report to the trustees on my examination of the accounts of Darul Uloom Kantharia Trust (the Trust) for the period ended 31 March 2024.
Respective responsibilities of trustees and examiner
As the charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
The charity's trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
n the accounting records were not kept in accordance with section 130 of the Charities Act; or n the accounts did not accord with the accounting records; or
n the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
The appointed independent examiner of the trust:
M A Ibrahim (FCCA) for and on behalf of Date: 15/10/2024 M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
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Darul Uloom Kantharia Trust Statement of financial activities for the period ended 31 March 2024
| Notes Restricted Unrestricted income Total funds funds 2024 £ £ £ Incoming resources 2 Income and endowments from: Donations and legacies 204,004 - 204,004 Resources expended 3 Expenditure on: Charitable activities 231,499 - 231,499 Net movement in funds (27,494) - (27,494) Reconciliation of funds Total funds brought forward 170,843 - 170,843 Total funds carried forward 143,348 - 143,348 |
Total 2023 £ 129,283 186,395 (57,113) 227,955 170,843 |
|---|---|
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Darul Uloom Kantharia Trust Balance Sheet At 31 March 2024
| Notes Restricted Unrestricted income Total funds funds 2024 £ £ £ Current assets Cash at bank and in hand 143,848 - 143,848 143,848 - 143,848 Creditors:amounts falling due within one year Trade creditors and accruals 5 500 - 500 Net current assets 143,348 - 143,348 Net assets 143,348 - 143,348 The funds of the charity 6 Unrestricted funds 143,348 - 143,348 Total charity funds 143,348 - 143,348 |
Total 2023 £ 171,343 171,343 500 170,843 170,843 170,843 170,843 |
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Approved by the board of trustees and signed on its behalf by
Mohmed Hanif Sufi Date: 15/10/2024 Trustee
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Darul Uloom Kantharia Trust Notes to the Accounts for the period ended 31 March 2024
1 Accounting Policies
(a) Basis of preparation
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102 and charities SORP (FRS 102) effective 1 January 2019, published by the Charity Commission in England & Wales.
The charity is a public benefit entity.
(b) Funds structure
Unrestricted funds are donations and other incoming resources receivable or generated for the charity without further specified purpose and are available as general funds.
Restricted funds are funds subject to specific trusts, which may be declared by the donor(s) or with their authority (e.g. in a public appeal) or created through legal process, but still within the wider objects of the charity. Restricted funds may be restricted income funds, which are spent at the discretion of the trustees in furtherance of some particular aspect(s) of the objects of the charity, or they may be endowment funds, where the assets are required to be invested, or retained for actual use, rather than spent.
(c) Incoming resources
All income from charitable activities and voluntary donations are included in full in the Statement of Financial Activities when received. The value of services provided by volunteers has not been included in these accounts.
(d) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
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Darul Uloom Kantharia Trust Notes to the Accounts for the period ended 31 March 2024
| 2 Analysis of incoming resources Donations and legacies Donations Total Total income 3 Analysis of resources expended Expenditure on charitable activities Grants & Donations Stationery, postage and printing Accountancy fees Independent examiner's fee Bank charges Total Total expenditure 4 Grants made to institutions Name of institutions Darul Uloom Kantharia, India Jamiatus Salihat, India |
Restricted Unrestricted income 2024 funds funds Total funds £ £ £ 204,004 - 204,004 204,004 - 204,004 204,004 - 204,004 Restricted Unrestricted income 2024 funds funds Total funds £ £ £ 230,000 - 230,000 396 - 396 350 - 350 150 - 150 603 - 603 231,499 - 231,499 231,499 - 231,499 Purpose Student scholarships and rural school Student scholarships and rural school |
2023 Prior year £ 129,283 129,283 129,283 2023 Prior year £ 185,000 378 300 150 567 186,395 186,395 £ 165,000 65,000 230,000 |
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Darul Uloom Kantharia Trust Notes to the Accounts for the period ended 31 March 2024
| 5 Analysis of creditors: 2024 £ Accruals 500 Total 500 6 Analysis of net assets between funds Unrestricted funds £ Current assets 143,848 Current liabilities (500) Total net assets 143,348 7 Details of certain items of expenditure 2024 Fees for examination of the accounts £ Independent examiner’s fees 150 |
2023 £ 500 500 Restricted income Total funds 2024 £ £ - 143,848 - (500) - 143,348 2023 £ 150 |
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8 Transactions with trustees and related parties.
There were no benefits, expenses or remuneration paid to the Trustees or persons connected to them.
| 9 Employees Average number of employees |
2024 Number - |
2023 Number - |
|---|---|---|
No employee received emoluments of more than £60,000.
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